https://www.taxtmi.com/article/detailed?id=6688 Notification No. 6/2016-Cus withdraws the CVD exemption on specified drugs by omitting items from Lists 3 and 4 of Notification No. 12/2012-Cus, obliging importers to pay CVD on imports made on or after the notification date. Concurrently, manufacturers must pay excise duty on clearances of those products from that date but are released from the procedural constraints of Rule 6 of the Cenvat Credit Rules, 2004 and may claim Cenvat credit on exclusive and common inputs and input services received on or after the date; proportionate credit on stocks and WIP may be claimed after departmental intimation and detailed computation. en-us Tue, 16 Feb 2016 08:07:34 +0530 Tue, 16 Feb 2016 08:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6688 Notification No. 6/2016-Cus withdraws the CVD exemption on specified drugs by omitting items from Lists 3 and 4 of Notification No. 12/2012-Cus, obliging importers to pay CVD on imports made on or after the notification date. Concurrently, manufacturers must pay excise duty on clearances of those products from that date but are released from the procedural constraints of Rule 6 of the Cenvat Credit Rules, 2004 and may claim Cenvat credit on exclusive and common inputs and input services received on or after the date; proportionate credit on stocks and WIP may be claimed after departmental intimation and detailed computation. Articles Central Excise Tue, 16 Feb 2016 08:07:34 +0530 https://www.taxtmi.com/article/detailed?id=6688